Fiduciary Advisors Inc. Buys Shares of 1,515 Ameren Co. (NYSE:AEE)

Fiduciary Advisors Inc. purchased a new position in Ameren Co. (NYSE:AEE) in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 1,515 shares of the utilities provider’s stock, valued at approximately $135,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Versor Investments LP acquired a new position in shares of Ameren during the 3rd quarter valued at $1,417,000. FMR LLC increased its position in shares of Ameren by 59.8% during the 3rd quarter. FMR LLC now owns 2,631,580 shares of the utilities provider’s stock valued at $230,158,000 after purchasing an additional 984,879 shares during the period. Lindenwold Advisors INC acquired a new position in shares of Ameren during the 3rd quarter valued at $1,682,000. JPMorgan Chase & Co. increased its position in shares of Ameren by 51.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,064,877 shares of the utilities provider’s stock valued at $93,134,000 after purchasing an additional 362,772 shares during the period. Finally, HITE Hedge Asset Management LLC increased its position in shares of Ameren by 265.0% during the 3rd quarter. HITE Hedge Asset Management LLC now owns 173,771 shares of the utilities provider’s stock valued at $15,198,000 after purchasing an additional 126,157 shares during the period. Institutional investors own 79.09% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on AEE shares. Barclays cut Ameren from an “overweight” rating to an “equal weight” rating and lifted their price target for the company from $88.00 to $95.00 in a research report on Monday. Evercore ISI upgraded Ameren from an “in-line” rating to an “outperform” rating and lifted their target price for the stock from $89.00 to $104.00 in a report on Tuesday, January 21st. BMO Capital Markets lifted their target price on Ameren from $93.00 to $98.00 and gave the stock an “outperform” rating in a report on Thursday, December 5th. Finally, Morgan Stanley lifted their target price on Ameren from $86.00 to $94.00 and gave the stock an “equal weight” rating in a report on Friday, December 13th. One analyst has rated the stock with a sell rating, four have issued a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $92.00.

Insider Activity at Ameren

In related news, CFO Michael L. Moehn sold 6,500 shares of Ameren stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $92.15, for a total transaction of $598,975.00. Following the completion of the sale, the chief financial officer now owns 205,171 shares of the company’s stock, valued at approximately $18,906,507.65. This trade represents a 3.07 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.42% of the company’s stock.

Ameren Stock Performance

Shares of AEE stock opened at $94.20 on Friday. Ameren Co. has a 1-year low of $67.03 and a 1-year high of $96.74. The company has a current ratio of 0.63, a quick ratio of 0.41 and a debt-to-equity ratio of 1.37. The company has a market capitalization of $25.14 billion, a price-to-earnings ratio of 22.16, a P/E/G ratio of 2.86 and a beta of 0.48. The stock’s fifty day simple moving average is $91.28 and its 200-day simple moving average is $86.72.

About Ameren

Ameren Corporation, together with its subsidiaries, operates as a public utility holding company in the United States. The company operates through four segments: Ameren Missouri, Ameren Illinois Electric Distribution, Ameren Illinois Natural Gas, and Ameren Transmission. It engages in the rate-regulated electric generation, transmission, and distribution activities; and rate-regulated natural gas distribution business.